Here are the top 10 main reasons why young professionals might think about a loft or condo.
Work
Many young professionals are employed in metropolitan areas, this is where most lofts and condos can be found. Living in an apartment or loft that is close to the office saves on fuel costs, or eliminates the requirement to own a vehicle altogether.
Play
It's very likely that lots of bars, nightclubs, restaurants along with other forms of entertainment are just minutes from your building.
Maintenance
Being a young professional just beginning your job, you may feel a bit overwhelmed by your job. But even if you keep long hours, you do not have to worry about mowing the lawns, raking the leaves or shoveling the snow. When you live in a loft or condo, somebody else does it to suit your needs.
Affordability
Generally, lofts and condos are less expensive to buy than a single-family home. And it is likely the utility costs will probably be lower, too.
Socialize
Split up into the right loft or condo unit, you could live amongst a bunch of people who are inside your age range. If you are settling in a new city or simply beginning to go on your own, your building can be a good spot to meet people.
Amenities
Wish to work out? Swim or absorb a hot tub? Play basketball or tennis? Many buildings have amenities like fitness rooms, pools and sport courts. Depending on the number of people interested, you might be able to start a basketball or tennis league, for example, made up entirely of one's neighbors.
Transportation
Even if you do not have a car, you will not have any shortage of options for getting around. In addition to riding a bike or walking, there probably will be public transportation like a bus or light rail nearby.
Travel
Want to go out of town and visit friends? See a city you have never seen before? You can do that, on short notice, if you like, when you reside in a loft or condo. And when you get back, the lawn will probably be mowed or even the snow is going to be shoveled.
Options
You can stay living in a loft or condo if you want, but when someday you obtain the itch to maneuver into a single-family home in the suburbs you've got options. One of these is to let another person live there. Indeed, if you are willing to be a landlord, condos and lofts make great rental properties.
Changes
Some young professionals opt for renting a place. But if you buy a loft or condo, it is yours and you will do with it mostly what you want (so long as they can fit within the guidelines of the homeowners association). When you want to paint, change out lighting fixtures, or fill the walls with pictures, it is possible to.